Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[LFC_Bitcoin]

We're down to 250, how low is this going to go?

[Dump3er]

there's FUD today, price has been going down for a month, its time to buy.

Mantra on...was there a time where not to buy? 

[ask]

We're down to 250, how low is this going to go?

Much lower - check 3d PSAR and you will find the answer. I am not buying above 210.

[Dump3er]

14k coins dumped...doooooom! 

14k BTC were not dumped.  You might want to review what the things on a chart mean.

Was there a time when it was no bear trap? 

Come on guys...for sure there are more never ending paroles!

[rjclarke2000]

We're down to 250, how low is this going to go?

There is a lot of drama at the moment. We wanted movement and we've got it.


Just the wrong way.

[medialab101]

So are blocks easier to find on Bitcoin XT?

should I start mining with my PC?

there both mining the same chain, I think it's set to be like that for like a year or so? then finally the block limit will increase on XT and the split will happen.

The conditions for fork are 1) after January 11th 2016  2) 75% of blocks carrying XT flag sustained for over 2 weeks. So we could see XT take over as soon as 5 months down the road.

Right now, 11.2% of nodes have switched over to XT. Once that gets over 50% more miners will jump on board and there should be a snowball effect.

[xIronCrossx]

Mantra on...was there a time where not to buy? 

Bitcoin logic dictates you either buy or hodl..or both 

[Dump3er]

And don't forget the most important permabull rule:

A falling price is also bullish!

What leads to next rule:

A bear market is bullish!

[ImI]

there's FUD today, price has been going down for a month, its time to buy.

not sure what bitcoin Core will look like when all the infrastructure quickly upgrades to the lastest version of bitcoin which now fucking SCALES.

i disagree. with all this nerd fight going through the media i expect 1xx$

[inca]

there's FUD today, price has been going down for a month, its time to buy.

not sure what bitcoin Core will look like when all the infrastructure quickly upgrades to the lastest version of bitcoin which now fucking SCALES.

i disagree. with all this nerd fight going through the media i expect 1xx$

You are short, of course you do.

+8k new shorts today. Seems legit

[xIronCrossx]

And don't forget the most important permabull rule:

A falling price is also bullish!

What leads to next rule:

A bear market is bullish!

Hey, if every new user would be following the classic bitcoin advice we would only have buyers 

[medialab101]

The first block that supports XT has now officially been mined:

https://www.reddit.com/r/bitcoin_uncensored/comments/3hhm4v/first_block_mined_that_supports_xt/

[Ducky1]

I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.

[ChartBuddy]

Coin
Explanation

[kenji]

thank you Gavin for losing me money

[ImI]

there's FUD today, price has been going down for a month, its time to buy.

not sure what bitcoin Core will look like when all the infrastructure quickly upgrades to the lastest version of bitcoin which now fucking SCALES.

i disagree. with all this nerd fight going through the media i expect 1xx$

You are short, of course you do.

+8k new shorts today. Seems legit

no, i am not short and i never was. i think you are underestimating the damage that is done by this kiddy fight.

[Dump3er]

there's FUD today, price has been going down for a month, its time to buy.

not sure what bitcoin Core will look like when all the infrastructure quickly upgrades to the lastest version of bitcoin which now fucking SCALES.

i disagree. with all this nerd fight going through the media i expect 1xx$

You are short, of course you do.

+8k new shorts today. Seems legit

But you know that a shitload of shorts does not always lead to the contrarian direction? If it were so it would lead all markets to do nothing more than badshit crazy range bouncing.

Normally a market got depressed by a shitload of shorts till it reaches a price level where the demand is so extraordinary high that the lasting and new shorts got burned.

Still no double digits in sight?

[sniveling]

I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.

When are they going to start stress testing again? I heard it would vaguely be sometime in September but is there anything more specific than that yet like a date? I don't want to have my payments stuck in limbo for days like during the last test, but I also don't want to start paying higher fees until absolutely the last minute.

[derpinheimer]

Wow $2m in longs closed and nearly 10k in shorts opened...

[Cconvert2G36]

Wow $2m in longs closed and nearly 10k in shorts opened...

Yep, that entire drama candle could almost be chalked up to longs closing and shorts adding, for a about a $3 drop.

Not saying that was the bottom, we are far from seeing a conclusion on the max_blocksize argument, but longs adding while shorts closed would have been a much uglier scenario.